Can-Fite BioPharma (CANF) has released an update.
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Can-Fite BioPharma Ltd. has announced an inducement offer for warrant holders to exercise their purchase rights of ordinary shares represented by American Depositary Shares at a price of $1.75. In return, the company is offering new warrants with an exercise price of $2.25, which are exercisable between 20 months to five years, depending on the terms. These new warrants and any underlying shares will initially be unregistered and subject to certain restrictions.
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